Goosehead Insurance, Inc (NASDAQ:GSHD) Receives Consensus Rating of “Hold” from Analysts

Shares of Goosehead Insurance, Inc (NASDAQ:GSHD) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $91.30.

Several analysts have recently weighed in on GSHD shares. JMP Securities lifted their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. Piper Sandler lifted their price target on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Truist Financial lifted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $84.00 price target (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. Finally, BMO Capital Markets downgraded shares of Goosehead Insurance from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research report on Thursday, August 22nd.

Insiders Place Their Bets

In related news, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $85.19, for a total value of $653,748.06. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $425,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.21, for a total value of $4,402,024.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $425,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,726 shares of company stock valued at $10,712,638 in the last three months. 48.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Goosehead Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in GSHD. Kayne Anderson Rudnick Investment Management LLC raised its stake in Goosehead Insurance by 34.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock valued at $196,956,000 after acquiring an additional 879,959 shares during the period. Vanguard Group Inc. raised its stake in Goosehead Insurance by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,416,115 shares of the company’s stock valued at $160,962,000 after acquiring an additional 46,861 shares during the period. Motley Fool Asset Management LLC raised its stake in Goosehead Insurance by 407.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 533,500 shares of the company’s stock valued at $35,542,000 after acquiring an additional 428,355 shares during the period. American Century Companies Inc. raised its stake in Goosehead Insurance by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after acquiring an additional 110,832 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock valued at $22,580,000 after acquiring an additional 51,023 shares during the period.

Goosehead Insurance Stock Performance

NASDAQ:GSHD opened at $107.68 on Wednesday. The company has a fifty day moving average of $91.71 and a 200-day moving average of $74.97. The firm has a market capitalization of $4.00 billion, a P/E ratio of 149.56, a P/E/G ratio of 4.19 and a beta of 1.32. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance has a twelve month low of $50.47 and a twelve month high of $111.41.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $78.04 million during the quarter, compared to analyst estimates of $80.54 million. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. Goosehead Insurance’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts anticipate that Goosehead Insurance will post 0.84 EPS for the current year.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.